Rivian's run hits a wall
Rivian stock: -5.3% after last week's jump, sellers retake control
Our view last week
Rivian stock jumps 10.5% this week, a rally that pushes the price back toward the daily EMA20 after a touch in the 15 area and a 14% rebound. Buyers dominate the daily volume too, above 83%. The buy signal is now in its 11th week, backed by a high signal strength of 86 out of 100, and this week's technical analysis confirms the bullish push.
This week's summary
After last week's 10.5% jump, Rivian stock gives back 5.3% this week: sellers retake control, with 70% of the daily volume, and the weekly money flow turns negative again. The price is now squeezed between the 20-day and 100-day moving averages, in a tight band. This week's technical analysis flags three warnings out of eleven in the price-action reading, with distribution underway weighing the most.
IQS Phase
32
ordinary
Signal Strength
86
high · wide & volatile
Sizing
FULL
Ranking
#14 / 175
US stocks in progress
Trade P&L %
-1.71%
from signal to date, no stop loss
Rank position
ranks 14th among the 175 Longs already running for US stocks in our ranking, with a signal strength of 86 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly -0.69% · monthly +5.02%
RIVN belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
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